The report titled “Hotels Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
the global hotels market was valued at approximately USD 147.57 billion in 2018 and is expected to generate around USD 211.54 billion by 2026, at a CAGR of around 4.6% between 2019 and 2025
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Top Companies in the Global Hotels Market: Marriott International, Hilton, Starwood Hotels & Resorts (Marriott), Hyatt Hotels, Four Seasons Holdings, Shangri-La International Hotel Management, InterContinental Hotels Group, Mandarin Oriental International, The Indian Hotels Company, Jumeirah International, Kerzner International Resorts, ITC Hotels, Leading Hotels Others
Market Segmentation by Types:
Market Segmentation by Applications:
The North American hotels market contributed a substantial revenue share in 2018 to the global market. The U.S. is the global financial hub and one of the most popular tourist destinations among the global population. Moreover, the growing adoption of mobile applications for booking hotels in the U.S. is expected to further drive this regional market’s growth in the future.
Europe held the largest share of the global hotels market in 2018, due to the increasing number of hotels and restaurants coupled with growing tourism activities in Europe.
The Asia Pacific hotels market is expected to witness the highest growth rate over the forecast time period, owing to the rising disposable income of the regional population, particularly in emerging countries, such as India and China. Thailand, China, India, Korea, etc. are projected to drive this regional market growth in the upcoming years.
On the basis of ownership, the market is segmented into independent hotels and chain. The chain segment contributed the largest revenue share to the global market in 2018 and is expected to dominate over the estimated time period. This can be attributed to the renowned presence and strong brand value of various hotel chains globally. On the basis of budget, the market is categorized into the economy, luxury, and elite. The economy segment dominated the global hotels market in 2018 and is expected to maintain its dominance over the forecast time period. The end-user segment includes leisure and business. The leisure segment held the largest share of the global hotels market in 2018.
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Significant Features That Are Under Offering And Key Highlights Of The Reports:
Detailed overview of Hotels Market
Changing market dynamics of the industry
In-depth market segmentation by Type, Application etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Hotels Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
This research report also presents some significant practical oriented case studies which help to understand the subject matter clearly. The Hotels research report has been prepared through industry analysis techniques and presented in a professional manner by including effective info-graphics whenever necessary. It helps to gain stability in the businesses as well as to make the rapid developments to achieve a notable remark in the Global market space.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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